Nepse surges by 2. 13 points on Sunday
The Nepal Stock Exchange (NEPSE) gained 2. 13 points to close at 2,657. 52 points on Sunday.
The sensitive index, however, dropped by 0. 41 points to close at 453. 69 points.
A total of 25,393,762-unit shares of 308 companies were traded for Rs 11. 44 billion.
Meanwhile, Green Development Bank Ltd. (GRDBL) was the top gainer today, with its price surging by 10. 00 percent. Likewise, Nepal Hydro Developers Ltd. (NHDL)was the top loser as its price fell by 4. 43 percent.
At the end of the day, total market capitalization stood at Rs 1. 49 trillion.
Gold price increases by Rs 400 per tola on Sunday
The price of gold has increased by Rs 400 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 197, 500 per tola today. It was traded at Rs 197, 100 per tola on Friday.
Similarly, the silver is being traded at Rs 2, 165 per tola today.
Nepal starts selling electricity to Bangladesh
Nepal Electricity Authority (NEA) has resumed exporting 40 megawatts of electricity to Bangladesh through Indian transmission.
Power from Nepal to Bangladesh was exported for the first time for 12 hours on July 15 last year. It has resumed from June 15 of this year.
A power sale agreement had been signed between NEA, Bangladesh Power Development Board and NTPC Vidyut Vyapar Nigam Limited of India last year, which led to export of electricity for only 12 hours last year.
Nepal has been exporting excess electricity during the rainy season to neighboring India for five months every year. This year, starting today, NEA will export electricity to Bangladesh for the next five months, until November 15.
Subarna Sapkota, Deputy Manager of the NEA Electricity System Control Department, shared that 146.88 million units of electricity will be exported in five months.
The government will earn Rs 1.29 billion in five months from the sale of the electricity.
The selling rate of electricity exported under the agreement is 6.40 US cents per unit.
The electricity will reach Bhermara Substation in Bangladesh via Muzaffarpur, Behrampur, India from Nepal's 400 KV Dhalkebar Substation.
Meanwhile, the NEA has continued its electricity exports to neighboring India.
The NEA has also started exporting electricity to the Indian state of Haryana this year.
It had been exporting 185 MW of electricity since June 1, which increased to 200 MW from Saturday.
As per the bilateral agreement between Nepal and India, the selling rate of this electricity export is 5.25 Indian rupees per unit.
Similarly, the NEA has also started exporting 80 MW of electricity to the Indian state of Bihar since 12 last night. In addition, additional electricity is being purchased and sold in the Indian market through the Dhalkebar-Muzaffarpur 400 kV and 132 kV transmission lines.
As the electricity production in Nepal has increased with the onset of the rainy season, the surplus electricity is being exported to India and Bangladesh.
Gold price increases by Rs 4, 200 per tola on Friday
The price of gold has increased by Rs 4, 200 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 197, 100 per tola today. It was traded at Rs 192, 900 per tola on Thursday.
Similarly, the silver is being traded at Rs 2, 165 per tola today.
